Two-Family Duplex with Separate
For Sale
$215,000
1-3 Birch, Oneonta, NY 13820
Residential, Oneonta, NY
Property Size2,178 SF
Price / SF$98.71
Days on Market157
Property Features for 1-3 Birch
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bathroom 2
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Oneonta
Middle school district
Oneonta
High school district
Oneonta
Subdivision
Oneonta-City-361200
Standard status
Active
APN
288.17-4-67
Size
2,178 SF
Taxes and HOA fees
Tax Annual Amount
2761
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Varies, Laminate, Vinyl
Building materials
VinylSiding
Architectural style
Other
Listing Agency:
River Hills Properties LLC Lf
(315) 508-5268
Listed By:
Brandon Mosher · License #10301224028
(315) 868-4596
Added: Mar 29
Changed: Aug 28
Last Checked: Sep 1 at 5:06AM
MLS# S1669847
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1-3 Birch Street in Oneonta, this two-family duplex contains 2,178 square feet and was built in 1910. The unit mix includes one three-bedroom residence and one two-bedroom residence, supported by a basement, laminate and vinyl flooring, vinyl siding, and a gas water heater. Heating is provided by natural gas and forced air.
Each residence has separate utilities, while ownership responsibility includes water and sewer. The property is offered as part of a required three-property portfolio sale, alongside two additional duplexes identified in the listing materials. Its public water service and distinct residential layouts provide a straightforward configuration for continued multifamily operation.
Each residence has separate utilities, while ownership responsibility includes water and sewer. The property is offered as part of a required three-property portfolio sale, alongside two additional duplexes identified in the listing materials. Its public water service and distinct residential layouts provide a straightforward configuration for continued multifamily operation.
Key Highlights
- Two‑family duplex with one 3‑bedroom unit and one 2‑bedroom unit
- 2,178 square feet of building area
- Separate utilities for both residential units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,018
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$380,360
$380.4K
Cap Rate 7%
$271,686
$271.7K
Cap Rate 9%
$211,311
$211.3K
Market Conditions
NOI Build-Up for 2,178 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.7K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$27.2K $12.47/SF
− OpEx
−$8.2K −$3.74/SF
NOI
$19.0K $8.73/SF
Area
Otsego County, NY
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$380,360
Cap Rate 7%
$271,686
Cap Rate 9%
$211,311
Alternative Uses
Best Use
Multifamily LT 5
$271.7K
$237.7K – $317.0K
NOI $19,018 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,753 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$600.4K
$525.3K – $700.5K
NOI $42,027 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include three- and two-bedroom layouts, with public water and natural-gas forced-air heat.
Where is this duplex located?
The property is located at 1-3 Birch Oneonta, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑family duplex with one 3‑bedroom unit and one 2‑bedroom unit; 2,178 square feet of building area; Separate utilities for both residential units
